Cryptocurrency Markets

Submitted by currenciesfx on Wed, 05/04/2022 - 09:44
Cryptocurrency Markets

COMPARE CRYPTO EXCHANGES

A cryptocurrency exchange (or cryptocurrency market) is an online business that offers cryptocurrency trading and the exchange of conventional fiat money for digital currencies.

Compare: » Forex Brokers

MARKET

TRADING

ASSET INDEX

CRYPTO ACCOUNTS

WEBSITE

» FTX EXCHANGE

FTX

 

OFFICES: ANTIGUA AND BARBUDA

FOUNDATION: 2019

 

Acceptance:

Most world countries, but not the US

WALLET:

□ Cold Wallet

 

TRADING FEES:

  • Starting fees:

Maker: 0.02% / Taker: 0.07%

  • Lowest trading fee:

Maker: 0.00% / Taker: 0.04

ASSET INDEX:

□ Hundreds of different crypto pairs

□ 200+ Perpetual Contracts (Futures)

□ 100+ other leveraged crypto products

□ 15 Volatility Tokens

□ 100+ Stock Tokens

□ Prediction markets

 

CRYPTO SERVICES

  • Spot Trading
  • Margin Trading
  • Futures & Options
  • Staking Crypto

FIAT CURRENCIES:

  • USD, EUR, GBP, AUD, and CAD

 

FUNDING AND FEES:

Depositing Funds:

□ Cards (MasterCard/VISA)

□ Bank Wire

□ Cryptocurrencies

Fees:

□ Not charging deposit/withdrawal fees

Customer Support:

eMail | Tickets

 

» FTX REVIEW

 

Start trading with the FTX Crypto Exchange:

» FTX EXCHANGE

 

» GATE IO EXCHANGE

GATE IO

 

OFFICES: CAYMAN ISLANDS

FOUNDATION: 2013

 

Acceptance:

Most world countries

USA & Canada traders are accepted

 

WALLET:

□ Cold Storage & Hot Wallet

 

TRADING FEES:

  • Starting fees:

Maker: 0.2% / Taker: 0.2%

  • Lowest trading fee:

Maker: 0.065% / Taker: 0.025

FUTURES MARKET

  • Starting fees:

Maker: 0.050% / Taker: 0.075%

  • Lowest trading fee:

Maker: 0.030% / Taker: 0.075%

CRYPTO LENDING

  • Starting at 18% gets as low as 5.4%

ASSET INDEX:

□ 200 Digital Assets

 

CRYPTO SERVICES

  • P2P transactions
  • Spot Trading
  • Margin Trading
  • Futures & Options / Leveraged ETFs
  • Staking Crypto
  • Supports crypto Lending & Borrowing
  • Cloud mining
  • Copy-trade
  • NFTs

 

FIAT:

  • EUR, USD, GBP, AUD, KRW, and JPY

 

FUNDING AND FEES:

□ Cryptocurrencies

□ Cards (MasterCard/VISA)

□ Bank Wire

 

Fees:

□ Not charging deposit fees

□ Fees on withdrawal may occur.

 

Customer Support:

eMail | Tickets | LiveChat

» GATE IO REVIEW

 

Start trading with Gate:

» GATE EXCHANGE

 

» BINANCE EXCHANGE

BINANCE

 

OFFICES: CAYMAN ISLANDS

FOUNDATION: 2017

 

Acceptance:

Most world countries, but not the US

WALLET:

□ Trust Wallet

□ Supports 40 blockchains

 

TRADING FEES:

  • 0.02% to 0.1% spot trading fees 

ASSET INDEX:

□ Hundreds of different crypto pairs

□ Leveraged crypto products

 

Built-in Blockchain (BNB)

 

CRYPTO SERVICES

  • Spot Trading
  • Margin Trading
  • Futures Trading
  • Crypto Loans
  • Staking Crypto

 

FIAT CURRENCIES:

  • USD, EUR, GBP (50+ different FIAT currencies)

 

FUNDING AND FEES:

Depositing Funds:

□ Cards (MasterCard/VISA)

□ Bank Wire

□ Cryptocurrencies

□ Binance Visa Card

Fees:

  • 3% to 4.5% debit cards
  • $1 and $15 for fiat currency withdrawal
  • Free SEPA transfer

 

Customer Support:

eMail | LiveChat

 

» BINANCE REVIEW

 

Start trading with the Binance Exchange:

» BINANCE EXCHANGE

 

» PRIME XBT

PRIME XBT

OPERATED BY:

PrimeXBT Trading Services LLC

OFFICES: SAINT VINCENT AND GRENADINES

FOUNDATION: 2018

 

Acceptance:

Serves over 150 different countries

 

WALLET:

YES (OFFLINE COLD)

 

TRADING FEES:

□ Bitcoin 0.05%

□ Forex 0.001%

□ Precious metals 0.001%

□ Indices 0.01%

 

SPREAD ON BTC/USD:

□ Variable (competitive spreads)

 

TRADING ORDERS

□ Market Orders

□ Limit Orders & Stop-Limit Orders

□ OCO (Once-Cancels-the-Other) Orders

Platform Snapshot:

□ Margin trading (up to 100:1 trading leverage on crypto)

Offers also 50+ Forex pairs, Gold, Energies, and many stock indices

 

The number of available crypto coins:5

BITCOIN, ETHEREUM, RIPPLE, LITECOIN, and EOS

FIAT:

(N/A)

 

FUND METHODS (FEES):

  • Only accepts Bitcoin deposits

 

FUNDING WITH COINS:

→ Depositing and withdrawing only in Bitcoin

→ Withdrawals are easy

  • Min. deposit is .001 BTC

 

Customer Support:

-LiveChat

-Email & Ticket

» REVIEW PRIMEXBT

 

Start trading with PrimeXBT:

» PRIMEXBT WEBSITE

 

» LOCALBITCOINS MARKET

LOCALBITCOINS

OPERATED BY:

LocalBitcoins Oy

OFFICES: Helsinki, Finland

FOUNDATION: 2012

 

Acceptance:

249 Countries

 

WALLET:

YES

 

TRADING FEES:

1.0% commission on the selling side of all transactions

-Inside Bitcoin transactions are free

-Fees for external Bitcoin transactions (external wallets)

 

SPREAD ON BTC/USD:

□ Spreads in P2P marketplaces are always high

 

Platform Snapshot:

P2P Trading (needs to be careful of potential scammers)

SMS and email alerts

SMS and email alerts

 

The number of available crypto coins:

□ Only Bitcoin (BTC)

FIAT:

□ ALL MAJOR CURRENCIES

 

FUND METHODS (FEES):

□ Credit Cards

□ Bank Wire

□ Skrill

□ WebMoney

□ Paypal

 

FUNDING WITH BITCOINS:

→ Depositing Coins is Free

→ Withdrawing Coins costs $10-$20

 

Requires No Identification (ID)

 

Customer Support:

-eMail

» REVIEW LOCALBITCOINS

 

Start trading with LocalBitcoins:

» LOCALBITCOINS MARKET

 


CRYPTOCURRENCY -FREQUENTLY ASKED QUESTIONS

These are some basic questions and answers about cryptocurrencies

  • What is a Cryptocurrency or Digital Currency?

A cryptocurrency is a virtual exchange medium that represents digital money. All cryptocurrencies use free (open-source) software to generate particular cryptography and to operate as a decentralized network. The first-ever cryptocurrency was Bitcoin (BTC), invented back in 2009, by an unknown team under the name Satoshi Nakamoto.

  • What are Altcoins?

Altcoins are simply cryptocurrencies alternative to Bitcoin. Most altcoins are derived from Bitcoin’s open-source protocol. Other altcoins have created their open-source protocol. For example Ethereum, Ripple, Vertcoin, Omni, Walton, Waves, and Counterparty.

  • What is the Difference Between a Coin and a Token?

The difference between a Coin and a Token exists in their structure:

-A Coin is a cryptocurrency that represents digital money and can operate independently as a payment system

-A Token is a representation of a particular asset that depends on another blockchain (platform) to operate

  • What is the difference between Circulating Supply, Total Supply, and Max Supply?

-Circulating Supply is the number of coins that are circulating in the public's hands (similar to free float in stocks trading).

-Total Supply is the total number of coins in existence now.

-Max Supply is the maximum amount of coins that will ever exist (now and in the future).

  • What is Cryptocurrency Mining?

Cryptocurrency mining is a validation of all transactions of digital currency. To cover their costs and time, miners get as a reward new units of that cryptocurrency. In that sense, mining becomes a process of generating new units of a particular cryptocurrency.

  • How does a Cryptocurrency Transaction work?

A cryptocurrency is a digital money stored in a secured electronic wallet. Every new transaction that takes place (i) is added to that cryptocurrency’s blockchain, and (ii) it is verified by a mining process in the overall ecosystem of that particular network.

  • What is a Cryptocurrency Wallet?

A cryptocurrency wallet is an electronic wallet that can receive, store, and send a particular cryptocurrency (Bitcoin, Ethereum, etc,). Most cryptocurrencies have an official wallet but other third-party wallets as well. There are several types of cryptocurrency wallets:

(1) Software wallets

(2) Hardware wallets

(3) Online wallets (built-in exchanges)

Warning: Please be careful with your money

When sending funds to an exchange or other counterparty you are trusting that the operator will not abscond with your bitcoins and that the operator maintains secure systems that protect against internal or external theft. It is recommended that you obtain the real-world identity of the operator and ensure that sufficient recourse is available. Exchanging or storing significant funds with exchanges is not recommended.

 

Compare Cryptocurrency Markets

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